Downtown State College investment opportunity in the Ambassador Building! Located just one block from Penn State’s campus, this studio condominium offers a convenient setting close to campus and downtown amenities. Currently leased for $1,175 per month until August 2027, the property presents an opportunity to purchase a student rental with a lease already in place. The efficient floor plan features a combined living and sleeping area, a separate kitchen, two closets, and a full bathroom with a tub/shower combination. Updated luxury vinyl flooring and kitchen countertops give the interior a fresh touch, while a large window brings natural light into the main living space. Wall-mounted air conditioning adds comfort, and the recently refreshed common hallways enhance the building’s overall presentation. The listing agent is an owner in the property.